Funding Received
$1 Million in 1 Round from 1 Investor
Most Recent Funding
$1 Million on August 24, 2011 / Undisclosed Round
Description: is an e-commerce platform that enables people to sell physical and digital items, notify friends and receive payments via PayPal.
Melvin Tercan, Valentin Khechinashvili
Sales and Marketing, Marketplaces, Social Media, E-Commerce

Company Details

Update is essentially an e-commerce platform that enables people to sell physical and digital items in the easiest way that is possible. The best example is that you're able to put an item up for sale within 60 seconds on our website, notify your friends through Facebook/Twitter and immediately are able to receive payments through PayPal.

As a platform, they also enable other websites and applications to offer the same e-commerce experience to their users as they have on their own website through their turnkey Marketplace feature and their API.

Our latest product, MarketPage, allows anyone to create an e-commerce marketplace on a Facebook Page. As the owner of a page, the cool thing about that is that you're able to invite others to sell there and earn money on every transaction!

Our first customer is Snoop Dogg who uses it to manage several merchants to sell on his Page. Snoop plans to open it up for everyone in the near future and says he's excited to let his fans "get all their Snoop swag on."

Past Team (5)


Funding Rounds (1) - $1M


Investors (1)

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    Aksoy Internet Ventures

    Aksoy Internet Ventures is a Turkish investment network for early-stage internet companies.

Offices/Locations (2)

  • European HQ

    Kanaalweg 1

    Delft, 2628EB


  • United States HQ

    580 Howard Street

    St. 402

    San Francisco, CA 94105


Competitors (5)

  • E6722e269de14ddf9e6db69318d3d611


    Shoply is a user-curated, social shopping marketplace for small brands and local businesses.
  • 83ea637fe14b50da40f75b868fec0d8f


    Etsy is an e-commerce site and a smartphone application for buying and selling handmade and...
  • 14143112ea84e4d68cdd7c388322513c


    Shopify is an e-commerce platform allowing anyone to sell products online at their retail...
  • Cfbd3caadeb093102cd72955bca2aae9 is an online classified advertising site that connects buyers with sellers.
  • Yg3tinakfs4guj8kzy1e


    eBay is an online auction and e-commerce marketplace that allows people and businesses to buy and...

Images (6)

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